Parse Capital makes $13.8 million preferred equity investment in Palm Coast, FL multifamily development

December 2023 – Parse Capital (“Parse”) has made a $13.8 million preferred equity investment in the development of a multifamily asset within the Palm Coast submarket of Daytona Beach-Deltona-Ormond Beach, FL. Once complete, the project will include 256, three-story garden residential buildings with 100% market rate units.